Archive for April 11th, 2008

S&P trading – need to see the trendlines!

S&P trading - need to see the trendlines!

Today wasn't a good day.. I'd been doing rather well recently and today, I let myself down. It was an obvious mistake in hindsight but the markets aren't very forgiving.. you make a mistake and you get taken to the cleaners. As you can see I went long at the two positions as shown. The stochastics were turning and I thought this would be a good entry. The market did move my direction for a little while and then hit resistance. The orange resistance line was something that I didn't see when I

April 11, 2008 No Comments Full Story